Now for the short term, Tata Steel has very strong support at 330 levels, and I feel that this support will be held. If for any reason this support is broken convincingly during any day, then another 15-20 points fall will be on the cards.

From daily charts point of view, I feel Tata Steel is ready for a bounce back in next few sessions. RSI and Stochastics are showing a positive divergence. However on the way up, key resistances will be 335, 346, 360.